Cops meet with Goldman Sachs' M'sian law firm

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KUALA LUMPUR (Jan 24): Bukit Aman Police are confirmed to be visiting Goldman Sachs' Malaysian law firm Rahmat Lim & Partners since this morning.

As at the time of writing, the enforcement officers have yet to leave the office of Rahmat Lim. The media are denied entry to the firm.

"They (police) are still here, still in the meeting. But I'm sorry that we can't comment anything on this on behalf of the firm," the law firm's receptionist told theedgemarkets.com when asked details of the time and the number of police officers that arrived earlier.

"Unless you have an appointment with the firm, you are not allowed to even come up to this level," she added, signaling reporters to leave the area.

The office building's receptionist, meanwhile, said about "five to six" police officers were seen this morning.

"They left for a while, but came back later, and have not [left] yet," the receptionist said.

Earlier today, theedgemarkets.com, quoting sources, reported that Malaysian police were at Rahmat Lim to search for documents related to the three 1Malaysia Development Bhd (1MDB) bonds handled by Goldman Sachs.

Rahmat Lim were the lawyers representing the US investment banking giant during the issuance of the 1MDB bonds in 2012 and 2013, totalling US$6.5 billion.

"The police are there now after obtaining a court order to do a search because the law firm had refused to hand over documents requested by the police" the news portal reported, quoting one of the sources.

The source also said another law firm Wong & Partners, which represented 1MDB for the transactions, had given documents to the police as requested.

"Lawyers should not think that they can withhold documents in a criminal investigation," said the source.

Malaysian public prosecutors last month filed criminal charges against Goldman Sachs and two former employees, namely former Goldman executive Timothy Leissner and Roger Ng, for abetting Goldman Sachs over the 1MDB scandal.

The US Department of Justice (DoJ) also filed its 1MDB-related criminal charges on Nov 1 last year against Leissner and Ng as well as Low Taek Jho or Jho Low. Low, who has gone into hiding, was charged in absentia. Ng has been arrested in Malaysia and is undergoing legal proceedings on his extradition to the US.

Leissner has, however, pleaded guilty to two charges of money laundering and conspiring to corrupt foreign officials. He has agreed to forfeit US$43 million as part of his guilty plea.